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2. The following information is available for Shilee Company: Market price per share of common stock Diluted Earnings per share of common stock Basic Earnings

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2. The following information is available for Shilee Company: Market price per share of common stock Diluted Earnings per share of common stock Basic Earnings per share of common stock Dividends per share of common stock 20XX $108.00 $ 3.47 $ 3.55 $ 3.25 Calculate: a. Price-earnings ratio b. Dividend payout ratic c. Dividend yield d. Tor F The price/earnings ratio measures the future earning potential of the firm. (If false, identify and correct the error)

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